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Japanese Retailer Plans Overseas Spending Spree

By

Hiroyuki Kachi

Updated Oct. 26, 2010 2:43 p.m. ET

CHIBA, Japan—Seeing stagnation at home and growth potential in China and Southeast Asia, Japanese retail giant Aeon Co. Tuesday said it will nearly triple its capital investment abroad over the next three years.

Aeon, Japan's second-largest retailer by revenue after Seven & i Holdings Co., said 25% of its 830 billion yen ($10.24 billion) in capital investment through February 2014, or 207.5 billion yen, will go to China and...